Guideline Value for ARULJOTHI NAGAR

Aruljothi Nagar guideline value

The current guideline value of Aruljothi Nagar is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Palladam village, under the Palladam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Aruljothi Nagar has changed

In the 2012 revision, the guideline value was Rs 750 per sq.ft. This figure decreased to Rs 502 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 750 per sq.ft in 2023, followed by a further increase to Rs 840 per sq.ft in 2024, which is a rise of 12% from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 12%. The increase from 2017 to 2023 was 49%, indicating a substantial rise in the value over that period.

Guideline values in Palladam

There are 56 streets in Palladam under the Palladam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,450 per sq.ft. The median value is Rs 840 per sq.ft, making the guideline value of Aruljothi Nagar equal to this median.

• Arijana Colony: Rs 440 per sq.ft (2024)
• A.V.M. Layout: Rs 840 per sq.ft (2024)
• Annanagar: Rs 780 per sq.ft (2024)
• Andal Nagar: Rs 610 per sq.ft (2024)
• Balaji Nagar: Rs 840 per sq.ft (2024)
• Bharathi Puram: Rs 720 per sq.ft (2024)

Stamp duty and registration fee for property in Aruljothi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aruljothi Nagar?

The Sub Registrar Office that covers Aruljothi Nagar is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palladam

The guideline value is an essential factor in the registration process of property transactions in Palladam. It helps determine the stamp duty and registration fees payable during the sale or purchase of property.

When you register a property, the guideline value is used to assess the applicable charges. If the sale price is higher than the guideline value, the duty is charged based on the sale price instead.

Frequently asked questions

What is the current guideline value of Aruljothi Nagar?

The current guideline value of Aruljothi Nagar is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen various revisions. It was Rs 750 per sq.ft in 2012, decreased to Rs 502 per sq.ft in 2017, increased to Rs 750 per sq.ft in 2023, and finally reached Rs 840 per sq.ft in 2024.

What is the land classification for Aruljothi Nagar?

Aruljothi Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes within the Palladam region.

Where can I find the Sub Registrar Office for Aruljothi Nagar?

The Sub Registrar Office for Aruljothi Nagar is the Palladam Sub Registrar Office, located at No.16, Mangalam Road, Palladam - 641664, Coimbatore registration zone.

How are stamp duty and registration fees calculated in Palladam?

Stamp duty and registration fees in Palladam are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 75,600 for stamp duty and registration fees.